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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Toni Wheeler who wrote (13226)	4/21/1999 11:12:00 PM
From: Marq Spencer	Read Replies (1) \| Respond to of 14631

Toni, You wrote: Speaking 'apples to oranges', does number of shares outstanding have an impact on per share amount?? (as a comparison year over year) <<Shares used in per share calculations Basic 188,819 160,172 Diluted 195,208 160,172 Seems to me that more shares out this year would lessen the per share $$ when comparing the two...BWDIK!! Did you read my post? I never mentioned earnings per share. The post was about revenue growth. Revenue growth is not calculated "per share". If you look at revenues per share, you'll notice that the situation is much worse. Q1 '98 revenues were $1.00 per share (160MM shares, $161MM rev.). Q1 '99 revenues were $1.01 per share (195MM shares, $196.6MM in rev.). Revenues per share grew 1%. But even I do not think that that's a good way to calculate. I think that the real revenue growth was 15%, since REDB and IFMX had a combined revenue of $170.5 in Q1 '98. Whether 15% is "solid", "great", "OK", etc. is something that we can all debate. My concern is that the press release states that the revenue growth was 22%. This is misleading. To give you another recent example from the software industry, BMCS recently had to restate its revenue growth numbers due to an identical situation - the SEC made them compare the recent results with the combination of their revenues and those of BGS, a company they'd acquired. - Marq.